Goldman Sachs Bank plans 1% CDs due 2022 linked to Momentum Builder

By Marisa Wong

Madison, Wis., June 8 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due June 25, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest is payable monthly.

If the index return is greater than 7%, the payout at maturity will be par plus (a) 1.25 times (b) the index return minus 7%. If the index return is 7% or less, the payout will be par.

Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.

The CDs are expected to price June 25 and settle June 30.

The Cusip number is 38148DAS3.

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